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Form U-13-60
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1994 and Ending December 31, 1994
TO THE
US SECURITIES AND EXCHANGE COMMISSION
OF
UNITIL SERVICE CORP.
A Subsidiary Service Company
Date of Incorporation October 9, 1984
State of Incorporation New Hampshire
Location of Principal Executive Offices of Reporting Company:
216 Epping Road
Exeter, New Hampshire 03833-4571
Name, Title and address of officer to whom correspondence
concerning this report should be addressed:
Mark H. Collin, Vice President and Treasurer
216 Epping Road
Exeter, New Hampshire 03833-4571
Name of Principal Holding Company Whose Subsidaries are served by
Reporting Company:
UNITIL Corporation
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS Page
Number
Description of Schedules and Accounts Schedule or
Account
Number
COMPARATIVE BALANCE SHEET Schedule I 4-5
SERVICE COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR
DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY Schedule III 8
PROPERTY
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRU Schedule VIII 13
ASSETS
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR
DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule 18
XIII
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
ANALYSIS OF BILLING - ASSOCIATE Account 457 21
COMPANIES
ANALYSIS OF BILLING - NONASSOCIATE Account 458 22
COMPANIES
ANALYSIS OF CHARGES FOR SERVICE -
ASSOCIATE AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
FINANCIAL DATA SCHEDULE Schedule XIX 36
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Page
Number
Description of Reports or Statements
ORGANIZATION CHART 37
METHODS OF ALLOCATION 38
ANNUAL STATEMENT OF 39
COMPENSATION FOR USE
OF CAPITAL BILLED
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the Company as of December 31 of the current
and prior year.
ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31
CURRENT PRIOR
SERVICE COMPANY PROPERTY
------------------------
101 Service company property (Schedule II) 2,109,594 1,891,785
107 Construction work in progress (Schedule II) 0 0
Total Property 2,109,594 1,891,785
108 Less accumulated provision
for depreciation
and amortization of service
company property (Schedule III) 1,755,165 1,432,982
Net Service Company Property 354,429 458,803
INVESTMENTS
-----------
123 Investments in associate 0 0
companies (Schedule IV)
124 Other investments (Schedule IV) 0 0
Total investments 0 0
CURRENT AND ACCRUED ASSETS
--------------------------
131 Cash 24,120 24,120
134 Special deposits 0 0
135 Working funds 5,000 5,000
136 Temporary cash investments (Schedule IV) 0 0
141 Notes receivable 0 0
143 Accounts receivable 1,873 16,353
144 Accumulated provision for
uncollectable accounts 0 0
146 Accounts receivable from
associate companies (Schedule V) 946,860 871,528
152 Fuel stock expense 0 0
undistributed (Schedule VI)
154 Materials and supplies 0 0
163 Stores expense undistributed (Schedule VII) 0 0
165 Prepayments 4,667 4,820
174 Miscellaneous current and
accrued assets (Schedule VIII) 0 0
Total Current and Accrued Assets 982,520 921,821
DEFERRED DEBITS
---------------
181 Unamortized debt expense 0 0
184 Clearing accounts 224,770 183,167
186 Miscellaneous deferred debits (Schedule IX) 514,715 109,204
188 Research, development, or demonstration
expenditures (Schedule X) 0 0
190 Accumulated deferred income tax 0 0
Total Deferred Debits 739,485 292,371
TOTAL ASSETS AND OTHER DEBITS 2,076,434 1,672,995
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
SCHEDULE I - COMPARATIVE BALANCE SHEET
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL AS OF DECEMBER 31
CURRENT PRIOR
PROPRIETARY CAPITAL
-------------------
201 Common stock issued (Schedule XI) 1,000 1,000
211 Miscellaneous paid-in-capital (Schedule XI) 0 0
215 Appropriated retained earnings (Schedule XI) 0 0
216 Unappropriated retained 1,688 1,688
earnings (Schedule XI)
Total Proprietary Capital 2,688 2,688
LONG-TERM DEBT
--------------
223 Advances from associate 0 0
companies (Schedule XII)
224 Other long-term debt (Schedule XII) 0 0
225 Unamortized premium on long-term debt 0 0
226 Unamortized discount on long-term dbt-debit 0 0
Total Long-Term Debt 0 0
227 Obligations under capital 149,415 45,966
leases - non-current
CURRENT AND ACCRUED LIABILITIES
-------------------------------
231 Notes payable 0 0
232 Accounts payable 105,920 94,487
233 Notes payable to associate
companies (Schedule XIII) 596,925 269,328
234 Accounts payable to associate
companies (Schedule XIII) 763,934 668,956
236 Taxes accrued (8,933) 38,941
237 Interest accrued 0 0
238 Dividends declared 0 0
241 Tax collections payable (4,983) 0
242 Miscellaneous current and accrued
liabilities (Schedule XIII) 782,457 603,141
243 Obligations under capital leases - current 184,259 392,886
Total Current and Accrued Liabilities 2,419,579 2,067,739
DEFERRED CREDITS
----------------
253 Other deferred credits 0 0
255 Accumulated deferred investment tax credits 0 0
Total Deferred Credits 0 0
282 ACCUMULATED DEFERRED INCOME TAXES (495,248) (443,398)
TOTAL LIABILITIES AND PROPRIETARY CAPITAL 2,076,434 1,672,995
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
SCHEDULE II - SERVICE COMPANY PROPERTY
BALANCE RETIREMENTS OTHER BALANCE
AT OR CHANGES 1/ AT CLOSE
DESCRIPTION BEGINNING ADDITIONS SALES 1/ OF YEAR
SERVICE COMPANY
PROPERTY
Account
301 ORGANIZATION
303 MISCELLANEOUS INTANGIBLE PLANT
304 LAND AND LAND RIGHTS
305 STRUCTURES AND IMPROVEMENTS
306 LEASEHOLD IMPROVEMENTS
307 EQUIPMENT 2/ 1,318,895 84,739 0 0 1,403,634
308 OFFICE
FURNITURE AND 479,169 151,823 0 0 630,992
EQUIPMENT
309 AUTOMOBILES,OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT 93,721 12,267 (31,020) 0 74,968
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY 3/
SUB-TOTAL 1,891,785 248,829 (31,020) 0 2,109,594
107 CONSTRUCTION
WORK IN
PROGRESS
TOTAL 1,891,785 248,829 (31,020) 0 2,109,594
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
SCHEDULE II - CONTINUED
2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE
COMPANY SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING
THE YEAR AND THE BALANCE AT THE CLOSE OF THE YEAR:
SUBACCOUNT DESCRIPTION ADDITIONS BALANCE AT
CLOSE OF
YEAR
PC Equipment 84,739 1,403,634
TOTAL 84,739
3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY:
NONE
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
NONE
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION AND
AMORTIZATION OF SERVICE COMPANY PROPERTY
BALANCE AT ADDITIONS OTHER
BEGINNING CHARGED CHANGES BALANCE AT
DESCRIPTION OF YEAR TO ACCOUNT RETIRE- ADD CLOSE OF
403 MENTS (DEDUCT)1/ YEAR
Account
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND
RIGHTS
035 STRUCTURES
AND IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT 1,091,811 128,877 0 0 1,220,688
308 OFFICE
FURNITURE
AND EQUIPMENT 293,942 178,115 0 0 472,057
309 AUTOMOBILES,
OTHER
VEHICLES
AND RELATED
GARAGE
EQUIPMENT 47,229 46,211 (31,020) 0 62,420
310 AIRCRAFT
AND AIRPORT
EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY
TOTAL 1,432,982 353,203 (31,020) 0 1,755,165
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
SCHEDULE IV - INVESTMENTS
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124 "Other Investments" state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount.
Under Account 136, "Temporary Cash Investments", list each
investment separately.
BALANCE AT BALANCE AT
BEGINNING CLOSE
DESCRIPTION OF YEAR OF YEAR
ACCOUNT 123 - INVESTMENT IN ASSOCIATE 0 0
COMPANIES
ACCOUNT 124 - OTHER INVESTMENTS 0 0
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS 0 0
TOTAL 0 0
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the Year Ended December 31, 1994
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable
from each associate company. Where the service company has
provided accomodation or convenience payments for associate
companies, a separate listing of total payments for each
company, number of shares or principal amount associate
company by subaccount should be provided.
BALANCE BALANCE
AT AT
DESCRIPTION BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM
ASSOCIATE
Companies
Concord Electric Company 161,050 181,094
Exeter & Hampton 177,394 182,672
Electric Company
Fitchburg Gas and 297,508 357,969
Electric Light Company
UNITIL Power Corp. 98,044 151,957
UNITIL Realty Corp. 8,839 21,165
UNITIL Corporation 0 0
UNITIL Resources, Inc. 128,693 52,003
TOTAL 871,528 946,860
ANALYSIS OF CONVENIENCE OR ACCOMMODATION
PAYMENTS:
Concord Electric Company 717,519
Exeter & Hampton Electric Company 650,913
Fitchburg Gas and Electric Light Company 1,263,591
UNITIL Power Corp. 229,374
UNITIL Realty Corp. 43,175
UNITIL Corporation 222
UNITIL Resources, Inc. 15,974
For detail of convenience payments
by type and company, paid by UNITIL
Service Corp. see page 10A.
TOTAL PAYMENTS 2,920,768
ANNUAL REPORT OF UNITIL SERVICE CORP.
FORM U-13-60
For the year ended December 31, 1994